SMTC Appoints Two New Board Members, Announces 2008 Annual General Meeting Date

    TORONTO, June 16 /CNW/ - SMTC Corporation (Nasdaq:   SMTX, TSE: SMX), a
global electronics manufacturing services provider, announced today the
appointments of Mr. John Marinucci and Mr. Alex Walker to its Board of
    Mr. Marinucci is currently President and Chief Executive Officer of New
Flyer Industries Inc.. Since his appointment at New Flyer in 2002, Mr.
Marinucci successfully restructured its manufacturing operations and the
aftermarket services business and transformed New Flyer into the North
American leader in the heavy-duty transit market. Under his leadership, New
Flyer completed its IPO in August 2005 and successfully completed secondary
offerings in July 2007, and April 2008. Previously, he served as President and
Chief Operating Officer for National Steel Car and is a former President of
the Canadian Association of Railway Suppliers. Currently he is on the board of
directors for New Flyer Industries Inc., CWB Group, Hydrogen & Fuel Cells
Canada (H2FCC), and Weststart-CALSTART.
    Mr. Walker is currently Founder and Managing Director of Blackmore
Partners Inc., an advisory firm that provides advice in strategy development,
acquisitions and divestitures, and institutional fund raising. Prior to his
joining Blackmore Partners in 2007, Mr. Walker was Chief Executive Officer,
Chief Operating Officer and Chief Financial Officer of Cube Route Inc., Chief
Operating Officer and Chief Financial Officer of Abridean Inc., Managing
Venture Partner and Executive Vice President, Business Development of Divine
Inc., Chief Financial Officer of GNC Inc., and Chief Operating Officer and
Chief Financial Officer of Guernsey Bel. He has extensive experience in
raising debt and equity capital, negotiating divestiture and acquisition
transactions, corporate turnarounds, and served on the board of several
    Messrs Marinucci and Walker join current board members Mr. Wayne McLeod,
former President, CEO and Chairman of CCL Industries and Chairman of the SMTC
Board, Mr. William Brock, former Deputy Chairman and Director of The
Toronto-Dominion Bank, Mr. Thomas Cowan, CEO of Vecker Corporation and Mr.
John Caldwell, President and CEO of the Company.
    SMTC also announced that the annual general meeting will be held at the
Company's offices at 635 Hood Road, Markham, Ontario, Canada L3R 4N6 on
Thursday, July 3 2008 at 1:00pm Eastern Daylight Time.

    About SMTC Corporation: SMTC Corporation, founded in 1985, is a mid-size
provider of end-to-end electronics manufacturing services (EMS) including PCBA
production, systems integration and comprehensive testing services, enclosure
fabrication, as well as product design, sustaining engineering and supply
chain management services. SMTC facilities span a broad footprint in the
United States, Canada, Mexico, and China, with more than 1500 full time
employees. SMTC services extend over the entire electronic product life cycle
from the development and introduction of new products through to the growth,
maturity and end-of-life phases. SMTC offers fully integrated contract
manufacturing services with a distinctive approach to global original
equipment manufacturers (OEMs) and emerging technology companies primarily
within industrial, computing and communication market segments.
    SMTC is a public company incorporated in Delaware with its shares traded
on the Nasdaq National Market System under the symbol SMTX and on the Toronto
Stock Exchange under the symbol SMX. For further information on SMTC
Corporation, please visit our website at (

    Note for Investors: The statements contained in this release that are not
purely historical are forward-looking statements which involve risk and
uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements. These statements may be
identified by their use of forward-looking terminology such as "believes",
"expect", "may", "should", "would", "will", "intends", "plans", "estimates",
"anticipates" and similar words, and include, but are not limited to,
statements regarding the expectations, intentions or strategies of SMTC
Corporation. For these statements, we claim the protection of the safe harbor
for forward-looking statements provisions contained in the Private Securities
Litigation Reform Act of 1995. Risks and uncertainties that may cause future
results to differ from forward-looking statements include the challenges of
managing quickly expanding operations and integrating acquired companies,
fluctuations in demand for customers' products and changes in customers'
product sources, competition in the EMS industry, component shortages, and
others discussed in the Company's most recent filings with securities
regulators in the United States and Canada. The forward-looking statements
contained in this release are made as of the date hereof and the Company
assumes no obligation to update the forward-looking statements, or to update
the reasons why actual results could differ materially from those projected in
the forward-looking statements.

For further information:

For further information: Jane Todd, Senior Vice President, Finance and
Chief Financial Officer, (905) 413-1300, Email:

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